Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Significant Decrease in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 14,177 shares, a decline of 68.9% from the April 30th total of 45,521 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 113,834 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $30,000. Parallel Advisors LLC increased its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% during the first quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after purchasing an additional 1,766 shares during the last quarter. Western Wealth Management LLC purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the first quarter worth approximately $96,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter valued at $100,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Up 0.1%

Shares of NYSEARCA GIGB traded up $0.04 on Friday, hitting $45.98. The company’s stock had a trading volume of 237,799 shares, compared to its average volume of 108,553. The stock has a 50 day moving average of $45.80 and a 200-day moving average of $46.21. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12-month low of $45.02 and a 12-month high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.